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The idea that inequality might create pressure for more redistribution through public borrowing also occurred to Mr Rajan, who acknowledges that stronger safety nets are a more common response to inequality than credit subsidies.
ECONOMIST: Free exchange
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Other developed countries have a very different arrangement, with significantly higher tax individual tax rates and stronger social safety nets, and significantly lower charitable-contribution rates.
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In China this means a stronger currency, bigger social safety-nets and an overhaul of subsidies to increase the share of national income going to workers.
ECONOMIST: A ��new normal�� for the world economy